Category Archives: Economics

Archi’s Acres: A Single Solution to Multiple Problems

This morning I read a post by Dylan Ratigan announcing he was leaving MSNBC and a 15 year career in financial journalism (and an annual compensation said to be in the $1 mil. range) to more directly work with the … Continue reading

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Rethinking “Productivity”

This post was prompted in part by a recent New York Times opinion piece by Tim Jackson, professor of sustainable development at the University of Surry, and author of “Prosperity Without Growth: Economics for a Finite Planet.”  The provocative title … Continue reading

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Key Points From MMT Economics Textbook Draft

Today Bill Mitchell posted some draft material from the MMT-oriented textbook he’s co-authoring with Randall Wray, another leading MMT thinker.  I thought I’d post a few brief excerpts from it, since they nicely summarize several core elements of MMT.  The … Continue reading

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Social Security: It’s About REAL Productive Capacity

I visited the MMT-oriented New Economic Perspectives web site today and found another of the animated videos produced by students in Eric Tymoigne’s modern money course at Lewis & Clark College (I’d posted a link to an earlier video here). The video focused … Continue reading

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Productivity, Compensation, Demand & Debt

Data from the Bureau of Labor Statistics makes it clear that–unlike the three decades preceding it–the 30 years following the election of Ronald Reagan have seen the growth rate of worker compensation fall far short of the increase in worker … Continue reading

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Europe at an Evolutionary Crossroads

As the latest phase of the Euro-crisis intensifies, it seems increasingly clear that Europe is at a difficult and historic crossroads in its long, slow transition from horrific warfare (and economic depression) during the first half of the 20th century, … Continue reading

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Understanding and Embracing The Sovereign Currency Opportunity

As I read about the “debt problem” and hear it discussed endlessly on TV news shows, I find myself deeply disappointed to note how many journalists, politicians and even economists fail to make the distinction between private debt (i.e., debt … Continue reading

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